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Encanto Village Townhome Community
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1645 E Cheery Lynn Rd, Phoenix, AZ 85016

18-unit townhome community in Phoenix's Encanto Village neighborhood.

Property SizeContact for details
Days on Market151

Property Features for 1645 E Cheery Lynn Rd

General Information

Standard status Active
Property subtype Multifamily

Building Details

Year Built 2020
Units 14
Listing Agency: JLL - Phoenix, Arizona
Listed By: Brian Smuckler · License #AZ SA101740000
Source: Crexi
Added: Mar 24 Changed: Aug 13 Last Checked: Aug 21 at 2:20PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL - Phoenix, Arizona

Investment Insights

Based on property information with market context.

Located in the Encanto Village neighborhood of Phoenix, Arizona, the Halcyon 2-Pack features an 18-unit townhome community. The properties offer spacious three-bedroom floor plans, each with 2.5 to 3 bathrooms, and an average unit size of 1,708 square feet. Units include luxury finishes such as quartz kitchen islands and countertops, stainless-steel appliances, wood-style vinyl plank flooring, and white shaker cabinetry. Each unit also features private patios or balconies, oversized walk-in closets, in-suite washers and dryers, and a two-car direct access garage. The community is located within proximity to amenities, schools, and adjacent to the Phoenix Children’s Hospital. This property presents an investment opportunity to acquire newly delivered Class A townhome assets in a high barrier to entry location. Attractive assumable financing at 3.52% due in 5-Years is available for Halcyon on Cheery Lynn. The offering may be purchased individually or as a portfolio with Halcyon on 18th (3301 N 18th St, Phoenix, AZ 85016).

Key Highlights

  • Newly built (2020) Class A townhomes in the desirable Encanto Village neighborhood.
  • Spacious three‑bedroom floor plans averaging 1,708 square feet with 2.5 to 3 bathrooms.
  • Enjoy luxury finishes including quartz countertops, stainless steel appliances, and wood‑style vinyl plank flooring.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Veterinary Clinic Grocery & Convenience Store Carpet & Flooring Store Florist Electrical Service Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,905
Businesses Nearby

Demographics for 85016, AZ

37,326
Population
21,363
Households
1.7
Avg Household Size
38
Median Age
50%
College-Educated
94%
High-School Grad
8.2 sq mi
ZIP Area
4,552
Density / Sq Mi
$85,085
Median Household Income
$53,781
Median Earnings
$1,575
Median Rent
$508,400
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - 18-unit townhome community in Phoenix's Encanto Village neighborhood.
Where is this apartment building located?
The property is located at 1645 E Cheery Lynn Rd Phoenix, AZ.
What is the asking price?
The asking price for this property is $6,386,000.
What are key features of this property?
This property features: Newly built (2020) Class A townhomes in the desirable Encanto Village neighborhood.; Spacious three‑bedroom floor plans averaging 1,708 square feet with 2.5 to 3 bathrooms.; Enjoy **luxury finishes** including quartz countertops, stainless steel appliances, and wood‑style vinyl plank flooring.
More about this property
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